Crypto
Bonk: Revolut's Leap into Meme Coin Adoption
European banking fintech company
Revolut is reportedly planning to list Bonk, the biggest meme coin associated
with the Solana blockchain, and initiate a $1.2 million campaign to encourage
its users to familiarize themselves with the cryptocurrency, as per a source
knowledgeable about the situation.
The proposed “learn”
campaign is contingent upon approval from Bonk’s governing council, responsible
for overseeing the project’s treasury of Bonk tokens, valued at over $100
million. As of the latest update, the approval vote had nearly reached quorum,
with six out of the council’s 12 members voting in favor and none opposing. It
is anticipated to pass, according to participants familiar with the matter.
Originally conceived by Solana
blockchain enthusiasts in response to FTX’s tumultuous events in November 2022,
Bonk has evolved into Solana’s most prominent meme coin, widely utilized by
various applications on the platform as an incentive mechanism. Revolut intends
to allocate Bonk tokens to select users as rewards for engaging with the
cryptocurrency through its application.
Bonk’s Council Considers $1.2
Million Allocation for User Expansion
The listing of Bonk on Revolut is poised to
further integrate the cryptocurrency into mainstream trading platforms,
following its remarkable surge in value, skyrocketing by 19,000% since November
1, 2023, according to CoinMarketCap. Notably, top exchanges such as Coinbase
and Binance had already listed Bonk during that period.
.@RevolutApp plans to list Solana’s top meme coin $BONK, continuing its march into mainstream crypto trading venues. https://t.co/E7hvLock12
— CoinDesk (@CoinDesk) February 15, 2024
The proposal under consideration
by Bonk’s council outlines the allocation of 93 billion Bonk tokens, equivalent
to $1.2 million, for the learn campaign, with the objective of expanding Bonk’s
user base by 500,000 individuals, according to an individual familiar with the
initiative.
Crypto Trading Services in New
Zealand with Learn and Earn Program
Earlier, Finance Magnates reported that Revolut
launched crypto trading services in New Zealand. The initiative includes a
‘Learn and Earn’ program, providing free courses for crypto traders, and
integration with Koinly for streamlined crypto tax filing. The platform will
offer over 100 digital currencies, including major ones like Bitcoin, Ethereum,
and XRP. However, it remains unclear whether customers can transfer their
holdings out of Revolut, similar to the limitations in the EU.
European banking fintech company
Revolut is reportedly planning to list Bonk, the biggest meme coin associated
with the Solana blockchain, and initiate a $1.2 million campaign to encourage
its users to familiarize themselves with the cryptocurrency, as per a source
knowledgeable about the situation.
The proposed “learn”
campaign is contingent upon approval from Bonk’s governing council, responsible
for overseeing the project’s treasury of Bonk tokens, valued at over $100
million. As of the latest update, the approval vote had nearly reached quorum,
with six out of the council’s 12 members voting in favor and none opposing. It
is anticipated to pass, according to participants familiar with the matter.
Originally conceived by Solana
blockchain enthusiasts in response to FTX’s tumultuous events in November 2022,
Bonk has evolved into Solana’s most prominent meme coin, widely utilized by
various applications on the platform as an incentive mechanism. Revolut intends
to allocate Bonk tokens to select users as rewards for engaging with the
cryptocurrency through its application.
Bonk’s Council Considers $1.2
Million Allocation for User Expansion
The listing of Bonk on Revolut is poised to
further integrate the cryptocurrency into mainstream trading platforms,
following its remarkable surge in value, skyrocketing by 19,000% since November
1, 2023, according to CoinMarketCap. Notably, top exchanges such as Coinbase
and Binance had already listed Bonk during that period.
.@RevolutApp plans to list Solana’s top meme coin $BONK, continuing its march into mainstream crypto trading venues. https://t.co/E7hvLock12
— CoinDesk (@CoinDesk) February 15, 2024
The proposal under consideration
by Bonk’s council outlines the allocation of 93 billion Bonk tokens, equivalent
to $1.2 million, for the learn campaign, with the objective of expanding Bonk’s
user base by 500,000 individuals, according to an individual familiar with the
initiative.
Crypto Trading Services in New
Zealand with Learn and Earn Program
Earlier, Finance Magnates reported that Revolut
launched crypto trading services in New Zealand. The initiative includes a
‘Learn and Earn’ program, providing free courses for crypto traders, and
integration with Koinly for streamlined crypto tax filing. The platform will
offer over 100 digital currencies, including major ones like Bitcoin, Ethereum,
and XRP. However, it remains unclear whether customers can transfer their
holdings out of Revolut, similar to the limitations in the EU.
Crypto
Cryptocurrency fraud costs Okaloosa County resident over $500k
Crypto
Scam Jam: Avoiding Modern Romance & Cryptocurrency Scams | FFXnow
The Fairfax Scam Jam unpacks two of the fastest‑growing threats: romance‑based investment schemes and cryptocurrency fraud. Scammers often initiate contact through friendly wrong‑number texts, dating apps, and social media, then spend weeks or months building trust. Once a relationship feels established, victims are encouraged to “invest” in cryptocurrency, gold, or foreign currency through fraudulent platforms operated by criminal organizations.
You’ll learn how these schemes operate step‑by‑step, the psychological tactics scammers use, and the financial and emotional devastation they leave behind. Presenters will share actionable tools for recognizing early warning signs, having preventative conversations with loved ones, reporting fraud, and recovering when possible. Whether you’re new to digital safety or a seasoned advocate, this year’s Scam Jam will give you the knowledge you need to stay a step ahead of scammers.
The 9th Annual Fairfax Scam Jam is a community collaboration between AARP Virginia and the Fairfax County Silver Shield Anti-Scam Program.
Resource Fair exhibitors will be on hand until 1 p.m.
Representatives from county, state and federal agencies will be available to answer your fraud and scam questions one-on-one.
Complimentary lunch is provided to registered guests.
Crypto
Wood County Sheriff’s Department pushes for cryptocurrency kiosk protections
WOOD COUNTY, Wis. (WSAW) – The Wood County Sheriff’s Department is hoping a bill that would protect victims from scams involving cryptocurrency kiosks will soon be signed into law. It passed with bipartisan support on Tuesday.
Scammers have used kiosks to take thousands of dollars from victims in north central Wisconsin. Scammers convince people to first deposit cash. It’s then turned into bitcoin and sent to scammers.
The Wood County Sheriff’s Department first received complaints about scams involving cryptocurrency kiosks three years ago. Since then, they’ve been investigating reports and testifying for change.
Sheriff Shawn Becker has been sounding the alarm.
“We did push, we did communicate, communicate with our law enforcement agencies, communicate with other legislators, anybody that would be willing to listen,” Becker said.
Legislation passes with bipartisan support
Lawmakers have been working to impose regulations on these kiosks. One element would require operators to reimburse victims.
“I’m hoping that we can go retroactively to the investigations that we’ve been handling and where we’ve kept the money at the sheriff’s department, and we can give it right back to that victim. And that’s going to be a great day, quite honestly,” Becker said.
The department has thousands of dollars in evidence they seized that they’ll be able to return to victims if the bill is signed into law.
The legislation also includes daily $1,000 transaction limits.
“That limitation is really going to be effective, because somebody can’t walk in there with $20,000 or even more and put it into the machine,” Becker said.
It also requires operators to add warning labels to kiosks. It also requires kiosks to be more than five feet away from ATMs.
“It took many, many people to be involved in this and understand it’s a process to create legislation and we’re there. And we’re really happy with the end result,” Becker said.
Becker also gave an update about a lawsuit from last year. A crypto vendor sued the department for seizing cash from their bitcoin machines. They’ve now settled. Becker said he didn’t agree with that, but it showed they needed to continue pushing for change.
AARP Wisconsin supporting legislation
Raj Shukla is the Wisconsin state director for AARP. He said this legislation does a lot to stop scammers in their tracks and protect victims, especially since it puts $1,000 daily transaction limits on kiosks.
“That means that people won’t be losing a lifetime’s worth of life savings in just a day. It provides for receipts for every transaction so that law enforcement can track transactions and find scammers faster,” Shukla said.
Shukla said the consumer protections that exist on ATMs don’t exist on cryptocurrency machines. He said this legislation levels the playing field.
Shukla is hoping the bill is signed into law this week. He said scams involving cryptocurrency are rampant right now.
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